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Search Results 0 to 49 of about 114 (some duplicates have been removed)
nominee. while the editors praise president obama's early efforts to revitalize the economy through his stimulus plan, it concluded his record on the economy the past four years does not suggest he would lead in the direction the nation must go in the next four years. joining me now for the politics of weather and everything else is obama campaign senior advisor david axelrod. good morning, david. let me start here with the storm. when you look at virginia where this is likely to be the swing state most affected, does anything worry you about that state being more or less paralyzed by weather for a couple three, four days? >> well, the first thing i think we should say is we're most concerned about people. this storm could affect 50 million americans. the president has been in close contact with fema and dhs and all the agencies that have responsibility here to make sure we're doing everything we can for people, and that's what he is going to continue to do throughout this -- throughout this storm, and in terms of how it affects the election, i don't think anybody really knows. obviousl
think it's been a very tough spot for the world economy. and it's not that comfortable but i think you did see the first year dramatic decline and then since that first year, 15 months you've seen some pretty substantial recovery that still has a long way to go before people are going to feel like we're fully recovered. >> austan, let me jump in there. we do still have a long way to go. a couple of charts that a supporter of governor romney would hope people would focus on. first labor force participation rate. it rose slightly to 63.8%. look at this number. back to 1981. let me give you another one. second, the so-called underemployment rate now stands at 14.6%. hey, that's a little bit better. but you know what? this is still a number that a lot of people say is the real feel unemployment rate. >> you're getting -- let's not get a little confused. if you take that real unemployment rate, that's down substantially more over the last three years than the observed regular unemployment rate is down. so you don't want to compare two different numbers. you should take any series and look a
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
's had since we've been in technical recovery, the economy grew 20%. obama has grown 7%. a third the strength of reagan's. job creation much higher under reagan. what did reagan do? all the things that romney and ryan are talking about. lower marginal tax rates. obama wants to raise them. less spending. obama added $5 trillion of debt. we're supposed to have 6% unemployment, according to obama, if he spent $5 trillion. that's not what we got. we know that obama's plan put us in the worst position, fewer people working. fewer people in the workforce. people have given up on job opportunities. very weak economic growth. >> you know, i think a lot of voters, too, are sort of frustrated by the lack of anybody in congress working to the. and john earlier you were talking about the severe partisanship. and some people point to you in this taxpayer protection pledge, which i have on me. i don't know if people can see it clearly. you have everyone sign for the house of reps, i pledge i will oppose any and all efforts to increase the marginal income tax to oppose any net reduction or elim
on the president and how he's doing on the economy. 45 percent are approving of the job is doing. 52 percent are not. i should say that approval rating has edged up. this could be, perhaps, the more distressing news for at least mitt romney. he still leads among independent voters by 7 percent, but that has gone down from 12% that he enjoyed a little more than a couple weeks ago. you can extrapolate all you will from these polls. doesn't mean that the trend is the residence friend again, six days to go, it's anyone's guess. the romney folks still feel the momentum is there. in the sunshine state particularly. >> hi. on the subject of disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education,
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
going on roughly since the 1950's, when after world war ii, we were the only economy that mattered. of course we're not the only economy that matters, charles, all of these great success stories you mentioned are just that, but, it's like a big investor trying to put money into a fund, you can't put enough money into those countries. we still have a very good economy here, a gwing economy. and with some severe problems that we need to address and we will. and what we'll deal with this problem best,eil is the economic growth and we're getting it, just not getting enough of it. >> all right, ben stein, final point? >> i don't understand where charles is coming from, we have been talking about the rest of the world economies like crazy and there are enormous inflows of money froms u.s., japan, china, the rest of the world in the meantime we are the biggest game in town even if our money is worthless and the other people's money is even more worthless. >> neil: i don't know, there might be a point, charles, i want to you respond, and snuck that in on you, that there are other options,
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. > > better-than-expected news about the economy came out in that gdp number on friday. will we see follow-through in the market today? > > i think you will see a little bit of follow-through. that number is really a feel- good number. 2% above expectations. but really i do think it's important to dig down into the details of that number - fixed investment and exports actually contracting. so, the question is how long can the consumer continue to spend and the government continue to spend and prop up the economy? so, i think that's something you have to watch. but yes, i do think we'll see a little follow-through today. > > how much of an effect do you think this storm that seems to be brewing out there, wicked whether this week, will affect the market? will it be rattled? > > the models say that this storm could be a really big storm, going back to predate some of the other historic ones. i think you could see a little lower volume if it really does have an impact on the financial markets, which could make for a little bit more volatility. but really i think you have to look at the commod
.d.p. report shows our nation's economy growing at a mere 2%. and that anemic growth could be because of government spending. where is the recovery? "fox & friends" begins now. it's ominous morning this morning as we begin to see what sandy does on the east coast. tropical storm the. >> the cold front coming from the west one monster slow moving storm so its effects can be felt for a few days. has sites set on the united states. rick reichmuth has been following sandy's path. so i get, rick, that's good news. others say it can be worse than irene. >> don't pay attention to it being downgraded. it doesn't mean anything. it's not really completely a tropical storm. it's going to be transitioning to what we kind of consider a nor'easter. we are accustomed to nor'easters. that kind of a event. moisture associated with a tropical storm. tropical storm holds a lot more water in the atmosphere as it transitions. that water is still going to be there radar picture showing the rain is following across parts of the carolinas. the rain is going to be heavy all day. battering waves, a lot of wind
have gone to college has apologized to me over and over again just for what a mess the economy has become, and he takes it very personally, and he says i'm sorry that you have such a mess to clean up. >> my opinion is the older folks beyond us they didn't do their job. they didn't manage the economy. they didn't manage things. they just spent, spent, spent. they didn't plan for us, and now we have to clean up the mess that they made, and i really believe that in the next ten, 15 years there's going to be a bunch of younger folks running for office to clean up the mess that was made. >> i think that you also see the older generation -- i think they all want reagan back, right? everyone invokes reagan as the idealistic. one way or the other, we -- i had never lived under reagan's presidency, so i can't speak to that, but our generation sees other social issues that we want addressed or gay marriage and gay rights or -- >> you're in favor of -- are you? >> i am. >> you're a republican? >> yeah. >> which is a very interesting to try and reckoncile and plain to my gay friends. >> i thin
a lot of self-employed people the in the economy. 171,000 implies job growth of about 200,000, and that's about 1.5 times what we need to keep up with population growth. you couple that with reasonable productivity growth and you're starting to get an economy growing at a normal pace. one of two things will happen. either this jobs growth will slow down next year, or you see the kind of growth we need to get flying speed and feeling comfortable. >> s.e., if you're looking for things to feel less good about in this report, you can find them. i don't think it's so much the jobs count. the fact average weekly hours haven't grown over the past month. you can look at that as something that -- >> there's plenty, jared. there's plenty. i'm simply saying that feeling great about these numbers is a symptom of diminished expectations. >> it's a fair point. i wouldn't say i feel great. i would say we're moving in the right direction a little bit quicker than a few months ago. that's good. >> jared, let me ask you about a point you made earlier. you mentioned that the unemployment rate ticked up to
, because month to month jobs reports, it is a important milestone by which we can gauge whether the economy is improving. and then, you know, judge the president, what the president is doing. i want you to take a look back to the worst of this recession, guys. this is october of 2009. look at this, the unemployment rate was above 10%. and in this month, 7.9%. you've been traveling to the swing states as i have, what are you hearing, are people feeling better off? today's numbers help any of the candidates? >> well, i tell you, don, we have been on the battleground bus state tour from florida to ohio. people understand the economy is improving. but the real debate is whether it is fast enough and whether mitt romney could have done a better job. in toledo, ohio, today, one of the battle ground counties of ohio, the must win buckeye state, i spoke to mayor bell, he put it out that january 2009, unemployment here was 12.6% in this county. today it is around 7.5, lower than the national average. that is a measurable improvement. that doesn't mean the economy is going on all cylinders right now.
in the battleground state of virginia. all day, in fact. last hour in roanoke, he hammered away on the economy and how in his words americans are in worse shape today than they were four years ago, he says because of president obama's policies. our jim acosta also working the campaign trail, and this is the nuts and bolts of the reaction. >> at an event in roanoke, virginia, mitt romney ended a political truce with president obama in the aftermath of hurricane sandy, while he avoided attacking the president during a series of stops across the state of florida, that was not the case here in virginia. romney went after what he often hears outside some of his events from some of the president's supporters who sometimes chant "four more years," romney said it should be more like five more days. and then he went after an idea the president floated out in recent days when mr. obama talked about potentially naming a secretary of business in a second term. here's what romney had to say. >> we don't need the secretary of business to understand business. we need a president who understands business, and i do. a
're nine million jobs short of that and he has no plan to get this economy going again to put americans to work. you notice there's some numbers he doesn't speak about. he doesn't use the number, 47. that happens to be how many million people are on food stamps today. 15 million more than than when he took office. he doesn't use the number 23 million. that's the number of people struggling to find a good job in this country. the president doesn't have a plan. he is out of ideas. he is out of excuses, and this november florida is going to make sure we put him out of office. [cheering] >> now in 2010, then-president obama came to pensacola. you probably weren't there, but some folks were. and he took pride in saying, and i quote, he halted reductions in the navy. that's what he said. but today, today he again has shrunk to a smaller version of the navy, and his view of the navy's role. you may recall in our most recent debate i made the point our navy is now smaller than at any time in, well, almost 100 years, and the president's response was, well, we don't use bayonets and horses anymor
before america votes, we are about to get the last pre-election numbers on jobs in our economy. >> i got nothing left. memories or anything else. everything is ruined. ruined. >> survivors of hurricane sandy still waiting for help. they are worrying about the future. good morning to you. welcome to "early start." >> it is 5:00 a.m. in the east. we are going begin with a sprint to the finish line. the last major hurdle in the way. the october jobs report will be released in three and a half hours. both the obama and romney campaign hope the numbers will help them in the race. it's too close to call right now. christine romans is going to have a look at it. christine? >> let's talk about what we are expecting in the final economic report before tuesday. in three and a half hours, we'll find out what happens for jobs and the unemployment rate. the expectation is the unemployment rate is 7.9%, picking up slightly with 125,000 jobs added in the month. the trend, though, is what is so important here, right? sometimes you get a little in the month. the trend is what's important. 7.8% was the un
romney to change the trajectory of this economy with more than a job creation achine? >> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered undr this administration. those who don't have a job and are underemployed givg up then we have a group of ceos speaking up for t multinationals we would like to go to the simpson thing. we want to raise taxes. reject it -- rejected by both republicans and democrats. we hear from business leaders they com up with this. >> how low do the fine balance? i will take that. remove the tax shelter and cut the top rate. >> rahm it -- romney is already proposing nonsense. >> we have a huge tax increase already slowing the economy down. to the clutter the tax code everyone can declare victory like 1986. we took the jump
you think the u.s., our economy, is finally on the road to recovery, and it's a good like for sure thing? >> alex, it really depends on who you ask. as you said, the gdp is growing at a slow rate. it went up 2% between july and september. and that actually beats the estimate once put out there at 1.8%, economists were saying. now the gdp has been growing for the last 13 straight quarters. so that's grown the last three years. unemployment is also at an all-time low. that's definitely adding some optimism. but nay sayers are saying the economy isn't growing fast enough. the white house projected the economy to grow at 4.3%. that was after the stimulus package was passed. and they're also saying that we're really going to have to see, wait to see until after the election. the first quarter of 2013 to see if there's really some change there. >> sustainable there. you know 80 is the new 65. i mean there's this new study out there about a third of americans are planning to work now into their 80s. so why is that? and can you talk about retirement costs? how much that would be today? >>
by these events. without that infrastructure, those communities will cease to exist and our economy will take a devastating blow. >> mark merritt, thank you for joining us tonight. >> thank you. >>> coming up, republican governor chris christie is very glad that barack obama is president. this week, anyway. >>> and later, mitt romney had a campaign event that he refused to admit was a campaign event. karen finney and jonathan capehart will join me on that. >>> and mitt romney thinks things will magically change for the better. and he got one newspaper to believe him. that's how he got their editorial endorsement. and that's in the "rewrite." i was once used for small jobs. and i took on all the bigger, tougher ones. but with mr. clean's new select-a-size magic eraser, he can take on any size job. at least we don't go near rex's mobile home as often. what are you, scared? [ dog barks ] aah! oh! [ male announcer ] new mr. clean select-a-size magic eraser. >>> new jersey governor chris christie gave the keynote address at the republican national convention. today he spoke in favor of something
chic. they're this season's must-h♪ve accessory. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...but you still have to go to the gym. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the cleanup effort underway along the jersey shore caused by sandy is now just being reveal
this economy on barack obama is kinda like blaming your hangover on the guy making breakfast. i like mitt romney but i'm sorry. they guy has flipped more than a crack house mattress. this campaign has become so toxic, beverly hills housewives are now injecting it into their foreheads. (vo) so current gave him a weekly show. >> i love romney's debate style, but i tell you, if i could be that stiff for 90 minutes, i'd ... (vo) we probably won't regret it. [ ♪ theme ♪ ] >> announcer: heard around the country and seen on current tv. this is the bill -- "bill press show." >> bill: good morning, it is monday october 29th the day that hurricane sandy is expected to hit the east coast. we were just talking with james hohmann with the romney campaign. a lot of newspaper endorsements over the weekend. >> i'm sorry, what is a newspaper? >> bill: yeah, exactly. the des moines register surprise, went with mitt romney. the "detroit free press" with president obama. the "new york times" president obama. "washington post," the toledo blade, the pittsburgh -- i forget what the pittsbu
'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. take the steps to reach yours, everyowith usgoals. with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, >>> our second story "outfront," n path. all of us serving you. us bank >>> our second story "outfront," four days before the election, new cnn poll in what probably is going to be the most crucial swing state of all. we say probably. most people say definitely. 50 to 47% with the president ahead. within the margin of error. john king is in cincinnati tonight. john, another poll neck and neck, probably be a very long night on election night. what stood out in that poll to you? >> it is remarkable. if you look deep into t
but his wall street thinking ahead? the economy is getting better including the revisions and that means no longer lemonade the federal reserve with quantitative leasing and rates should rise with the dollar then the materials group comes off. then it is the oil and gas because it is cheaper to buy with more dollars. liz: let's go to nymex. crude oil is down to%. natural gas down 4% and gasoline down 2.25%. with supply goes down doesn't surprise go up? >> we have a bottle back in the system. it needs to get out to the east coast we have a bottleneck in new jersey so of leaded gas is in the philadelphia area but not a three-year the price has come off but now the technical level does not look good which is $85 but because we cross it we see $82 and that want to mention natural-gas business situation the weather was getting colder there for getting rid of the storage but people cannot turn on their furnaces therefore that natural gas is not being used. it will be interesting with the number of thursday. liz: do you have power? >> you can see by my facial hair i do not. [laughter] i do have
healthcare and stuff like that. and -- all right. g.d.p., the economy growing at 2%. >> right. right. >> bill: better than 1%, right? >> better than 1%. better than contraction or recession. there is some talks talk, the wags going off a third is the defense spending in the course of this third quarter. because of the fiscal year, defense spending goes up because it's either use it or lose it attitude in the federal government. throughout the federal government, not just the defense department. and so they're spending more. >> bill: the federal government is driving this increase in. >> about a third of it is the result of. >> bill: that's a lot of it. yes, it is. but, you know, if you smooth this thing out over the course of the year, smoothing anything out in the federal government is he see easier than, you know, it sounds easier than it is. it's really not that. >> bill: is that a good report? 2% growth? >> it's as good as any other. bill, the fact is the concern about g.d.p. growth, all of that the market as you know took it today basically dismissed it. because there is a lack of credib
. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. ♪ >> announcer: stephanie miller. ♪ fun, fun, fun ♪ >> the "stephanie miller show" is brought to you in part by the the last open road. have you traveled the last open road. go to thelastopenroad.com. [ applause ] >> stephanie: fifty minutes after the hour -- >> oh, thank you for the spontaneous applause. >> stephanie: yes. thank you. 1-800-steph-1-2. i love this headline. did chris christie destroy the bipartisanship. >> little bit. >> stephanie: it's a myth that he governed in this bipartisan way. there was, what, something like 800 vetoes. i love this one, the tail of two tarmacs. there was of course the moment with how you can tell how authentic it was between chris christie and the president. ♪ bone finger must think that they are so cool ♪ ♪ she passed high school ♪ >> stephanie: liz in michigan you are on the "stephanie miller show." hi, liz. >> caller: hi stephanie, how are you? >> stephanie: good go ahead. >> caller: bob king was on last night,
gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. just announced additional $750 bonus cash on a 2012 chevy silverado all-star. trade up to get a total value of $8,750. bonus cash ends october 31st. >>> all right, welcome back, amtrak northeast service cancelled tonight at 7:00 p.m. eastern time. then in new york, mandatory evacuations are underway in zone a areas, including staten island and the rock aways. let's bring in meteorologist chad myers to talk about zone a, a lot of folks maybe don't even know they live in zone a, mayor bloomberg making it very serious, saying we're cutting off hot water and heat in those areas. there's the jfk then we start battery park city, all the way up manhattan and up the hudson to the east river here. we're talking just up the east river and downa little farther is the red book, these are all the low-lying areas that will be inundated with the expected surge and then across staten island. watch your stuff there, and there, even with zone a
first responders. i'm worried about the impact on our economy and on transportation. the election will take care of itself next week. right now, our number one priority is to make sure that we are saving lives, that our search and rescue teams are going to be in place, that people are going to get the food, the water, the shelter that they need in case of emergency and that we respond as quickly as possible to get the economy back on track. >> now, the president has signed a disaster declarations for some nine states, including the district of columbia. the president continues to get briefings from john brennan, some by papers, others in the situation room. during the president's remarks, he wanted to make clear to those in the impacted areas, they should heed those evacuation warnings because if those first responders have to come back and rescue them at some point, it could put their lives in danger. >> dan, thanks very much. >>> mitt romney is rearranging, cutting back on his campaign stops because of the storm. but he did go to a rally this afternoon in the all-important swing
. >> right. and they're trying to run against what people have experienced about the economy. you can make all sorts of arguments about how people feel, where the economy is really going, but they know what their pocketbook is saying. and in ohio where the economy has been that much better than the national numbers, it translates into better positions for the incumbent. you know, that's why you end up with these ridiculous ads that suggest that the automakers are, in fact, doing something which they're not. and that's when you end up running ens against the compani who are employing the voters you're trying to win over. >> the column leads me to think about something which is in a few days we might have a re-elected barack obama. there's a good chance of that. the people on the right who represent the voice of tens of millions of americans who are going to be freaked out if they have to deal with four more years of the president, people like george will will have to decide what to do in their columns if the president wins. if they continue to say he's a failed president and denounce him or
margins of error. we're in place of youngstown that has been destroyed by the economy over decades. this was the second biggest steeltown after pittsburgh. then lost steel. then oil factories. lordstown which nearly got crushed during the recession. it's back. it's got three shifts. it makes the chevy cruz, and they have fracking. some people say it brings earthquakes. some locals say so what, we need the jobs. i spoke to one supporter who is going to support president obama, but she still has problems with the economy. here's what she told me. >> it's very hard for me to talk to the younger generation or the generation that's my age when you say you went to college and you owe $60,000 in loans and you're not making no more than a person that's working at a mcdonald's. >> yeah. so that's kind of the thing that we're hearing a lot of around here. you know, they like obama, and but really jobs are going to be the most important thing. you know tomorrow morning the big jobs report comes out. that's going to be pivotal. >> when you listen to that young woman, that is really kind of an
of early voting. so it's too late anyway. >> the economy has issued -- number one, i want to alert our viewers, janet napolitano has been in staten island touring that devastated area. here she is right now. let's listen in. >> we know that staten island took a particularly hard hit from sandy. and so we want to make sure that the right resources are brought here as quickly as possible to help this community which is so very strong recover even more quickly. just to give you a sense of an overview, it's been mentioned that this was a large storm. the area that sandy covered was roughly the size of europe. we had major disasters in a number of states that president obama already has declared emergency declarations in a number of states that have been declared. we have seen some huge impacts on things like the availability of power. and with of course the loss of power comes attendant losses on things like gasoline. so all of these things, all of these issues being worked now as the community comes back and as we work to support con ed and other utility companies in getting the grid back
Search Results 0 to 49 of about 114 (some duplicates have been removed)